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Shydee bought a 20-year (AA rating) deferred-call bond that currently sells for RM1240. The bond pays a coupon rate of 11.5%. Find the yield to

Shydee bought a 20-year (AA rating) deferred-call bond that currently sells for RM1240. The bond pays a coupon rate of 11.5%. Find the yield to call (YTC) of this bond if the issuer can call it at a price of RM1085. The bond has 10 years to go to the first call.

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